LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Euronext today announced that it has received approval from the Hong Kong Securities and Futures Commission (“HKSFC”) to provide automated trading services (ATS) to clients domiciled in Hong Kong, thus facilitating direct membership and access to Euronext’s Paris derivatives markets.
Mr. Tan Yueheng, Chief Executive Officer of BOCOM International Holdings Company Ltd and Chairman of Chinese Securities Association of Hong Kong (CSAHK), said,“Applying to become Euronext’s first batch of Hong Kong members is in accordance with our group’s derivatives business strategy. Euronext, also an honourable member of CSAHK, will establish a bridge for Chinese brokers and futures companies domiciled in Hong Kong to gain easy access to the European derivatives market directly taking on board local firms as its members. In the long term, this breakthrough will allow Euronext to provide a more diversified and efficient derivatives service for Chinese clients.”
Lee Hodgkinson, Head of Global Markets & Sales, said, “China is at the core of our expansion plans and this approval is another milestone in our strategy to facilitate investment in our markets from the Chinese investment community. We can now provide clients in Hong Kong direct access to a wide range of our derivatives contracts including CAC40 index futures and options, as well as our benchmark milling wheat and rapeseed commodities.”
To see the official release, click here.